HealthLeaders Media Finance - June 7, 2010 | Bravado Does Bring About Success: The Tale of Saint Barnabas View as a Webpage | Subscribe for Free
Bravado Does Bring About Success: The Tale of Saint Barnabas
Karen Minich-Pourshadi, Senior Editor-Finance

At the end of this week, June 11, is the Feast of Saint Barnabas, so it seems fitting that this is the week I should tell you two tales of Saint Barnabas—the man and the New Jersey Health System and how both fearlessly pressed forward—and why you should too. [Read More]

  June 7, 2010

Editor's Picks
Do You Have What It Takes to Fire Your Consultants?
With budgets at their tightest in years, HealthLeaders Media Editor Philip Betbeze asks a very good question, "Why don't you fire your consultants?" It's tough to answer, but CEOs are part of the problem. Find out the simple truth about why consultants don't frequently get the hatchet and when it's time to let them go. [Read More]
One day after botched call, Motor City takes higher road
Although it's not a healthcare-related article, this is something you must read. It's a baseball story, but it's not about the game, it's about integrity and having the courage to admit when you've made a mistake. Baseball umpire Jim Joyce made an incorrect ruling Wednesday night that cost Detroit Tigers pitcher Armando Galarraga a perfect game. When he figured out he'd made the mistake, the veteran ump said the words, "I'm sorry." It's a good lesson in accountability for everyone, regardless of their line of work or their position. [Read More]
Finance Forum
Getting Ahead of the Revenue Cycle Curve with Technology
The nation's recent economic downturn has spread the pain of increased healthcare costs from patient to provider, as outstanding provider debt has been on the increase. It's understandable that some in the healthcare industry may be saying, "If we can't get all our existing patients to pay on a timely basis now, how will we get even larger numbers to do so?" While many healthcare providers struggle with this question, others are getting ahead of the curve by using technology. [Read More]
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Finance Headlines
White House and allies set to build up health law
New York Times - May 7, 2009
HHS warns Medicare insurers on rates
Wall Street Journal - May 7, 2010
Hospitals Shed 3,300 Jobs in May, Overall Healthcare Posts 8,000 Jobs
John Commins, for HealthLeaders Media - May 4, 2010
AMA Launches Multi-Million Ad Campaign For Prompt Senate Vote to Reverse Pay Cut
Cheryl Clark, for HealthLeaders Media - May 4, 2010
Physician-Owned Hospitals File Lawsuit to Overturn Restrictions
Elyas Bakhtiari, for HealthLeaders Media - May 4, 2010
Data used to justify health savings can be shaky
New York Times - June 3, 2010
Taking a bow for bending cost curve
The Buffalo News - June 7, 2010
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From HealthLeaders Magazine
Time to Put Patients First
HealthLeaders May 2010 How America's hospitals have lost touch with their top priority—and what healthcare leaders are doing to fix it. [Read More]
Service Line Management
Patient-Centered Surgery
Making surgery more patient-centered requires careful coordination and better feedback from patients and their families. [Read More]
Money Talk

A look at one hospital's struggles to improve

Saint Mary's Hospital, Waterbury, CT
Rating: Ba2
Outlook: Stable
Affected Debt: $27.9 million
Agency: Moody's Investors Service
Remarks: Moody's upgraded the debt rating for Saint Mary's Hospital bonds to Ba2 from Ba3. The upgrade is attributed to three years of consistently profitable operating performance that has allowed Saint Mary's to rebuild cash and investment balances to adequate levels.
[Read More]
Audio Feature

Lessons Learned for Keeping RAC at Bay: Karen Bowden, president of ClaimTrust Consulting Services, a Tennessee-based in-hospital revenue cycle consulting firm, discusses what lessons her company has learned to help guide facilities through a RAC audit. [Listen Now]
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June 23: Cardiovascular Service Lines Strategies
June 23: A Better Way Than Pay For Call Coverage
July 22: Marketing to Physicians: Increase Sales Success Through Measurement and Tracking
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